Investment demand in China's gold market rose 70%

According to Xinhuanet.com, Wang Lixin, managing director of the World Gold Association in China, said in Hong Kong on the 12th that due to factors such as the decline in gold prices in July, the overall global gold demand in the third quarter of 2015 increased by 8% year-on-year to 1,121 tons. In the Chinese market, consumer demand for gold investment products rose 70% year-on-year during the quarter. According to Xinhuanet.com, Wang Lixin, managing director of the World Gold Council in China, said in Hong Kong on the 12th that due to factors such as lower gold prices in July, the overall global gold demand in the third quarter of 2015 increased by 8% year-on-year to 1,121 tons. In the Chinese market, consumer demand for gold investment products rose 70% year-on-year during the quarter. The World Gold Council released a report on gold demand trends for the third quarter of this year in Hong Kong on the same day. Wang Lixin said at the press conference that in the first six weeks of the third quarter, as the market predicts that the Fed will raise interest rates in September or October, Western investors have sold their gold reserves, causing the price of gold to drop to a 5-year low and stimulating consumption. The hunters buy gold bars and coins. Data show that the global demand for gold bars and gold coins jumped 31% year-on-year to 290 tons, reaching the highest level in the past two years. As for the Chinese market, due to factors stimulating the decline in gold prices in July and the promotion of foreign exchange reforms in mid-August, investment demand surged 70% to 52 tons. Previous post: How to match a diamond necklace to look better? Next post: Rare 'Blue Moon' diamond sold at a sky-high price of 300 million